An Amazon EC2 Instance Runs Only When Needed Yet Must

question 531

Multiple Choice

An Amazon EC2 instance runs only when needed yet must remain active for the duration of the process. What is the most appropriate purchasing option?

• A) Dedicated Instances
• B) Spot Instances
• C) On-Demand Instances
• D) Reserved Instances

Analyze the effects of input price changes on the firm's production choices.

Discuss the concept of weak axiom of profit maximization (WAPM) and its implications.

Understand the distinction between fixed and variable factors in production.

Explain the principles of diminishing returns to scale and their implications on firm's profit.

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